Cheap Apartments for Rent in Island, KY from $500 (27 Rentals)

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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
  • Utilities Included
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Island, KY Local Guide

Cheapest Available Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Island, KY is a Studio unit found at Embassy Apartments in the Lincoln-Bellemeade neighborhood priced from $635. Ambassador Villas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments0.1Studio,1BA$635
Ambassador VillasAmbassador 1 BD1BR,1BA$675
Addison PlaceWindsor1BR,1BA$699
SaddlebrookTwo Bedroom Two Bath Phase 32BR,2BA$725
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$725
Willow RunThe Hampton1BR,1BA$730
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
Devonshire Gardens I & IIII 1 Bed 1 Bath B1BR,1BA$750
River ClubColumbia1BR,1BA$799
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$800

Best Value Apartments for Rent in Island, KY and Nearby

As of October 27, 2025 the best value apartment in the Island area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Island apartment is the Two Bedroom One Bathroom Model at Hornbrook Estates Apartments starting at $995 with a $1.04 price per square foot in the Jeannette neighborhood. Here is today’s list of the best values for Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Indian WoodsThe Oak2BR,1BA$1.10
Keystone Apartments2 Bedroom2BR,1BA$1.06
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Abbey Court ApartmentsLiverpool1BR,1BA$1.19
Kingston Square ApartmentsTwo Bedroom2BR,1BA$1.02
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96
Devonshire Gardens I & IIII 1 Bed 1 Bath C1BR,1BA$1.12
Addison PlaceWindsor1BR,1BA$1.06

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Location, Location, Location!

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Getting Around Island, KY

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Island Apartments

How much is rent for a Cheap One Bedroom Island Apartment?

The lowest price for a Cheap One Bedroom Island Apartment is $675 at Ambassador Villas.

What is the lowest price for a Cheap Two Bedroom Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Island is starting from $725 at Saddlebrook.

What is the most affordable Island Three Bedroom Apartment?

The best deal on a cheap Island Three Bedroom Apartment rental is at Dalehaven Estates and starts from $1,177.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.